DecisionPoint Advises Mobilocity on Sale of <kpe> Subsidiary to AGENCY.COM and Remaining Assets of Mobilocity to Wireless Knowledge, a Subsidiary of QUALCOMM.

DecisionPoint Advises Mobilocity on Sale of <kpe> Subsidiary to AGENCY.COM and Remaining Assets of Mobilocity to Wireless Knowledge, a Subsidiary of QUALCOMM.

Charlotte,
NC; July 29, 2002
— DecisionPoint International, a boutique
Investment Bank providing merger and acquisition services to middle-market
technology clients, announced today that its client, Mobilocity, Inc.
(“Mobilocity”), has sold the operations of its <kpe>
subsidiary to AGENCY.COM and the remaining assets of Mobilocity to Wireless
Knowledge, a subsidiary of QUALCOMM (NASDAQ: QCOM).

Headquartered in
Los Angeles, CA, <kpe> is an industry-leading provider of digital
branding and communication solutions with deep domain expertise in the
entertainment & media and retail verticals. Headquartered in New
York City, NY, Mobilocity is a pioneer of strategy, custom application
development and integration services around mobile solutions with expertise
in the financial services and media and entertainment verticals. Mobilocity’s
venture investors include Morgan Stanley Venture Partners, J.P. Morgan
Partners, Cambridge / Samsung Partners and Siemens.

AGENCY.COM provides
strategy, branding and technology services that help its clients build
and grow their interactive business across multiple digital channels
– the Web, wireless, and interactive television. AGENCY.COM is owned
by Seneca Investments, an affiliate of marketing communications giant
Omnicom Group (NYSE: OMC). Wireless Knowledge helps enterprises improve
their business performance through a mix of consulting, professional
services and applications that translate advanced wireless technologies
into business value for customers.

About Mobilocity,
Inc. (and subsidiary <kpe>)

Mobilocity, Inc.
provides professional services that create business value through the
strategic application of technology. With its proven mobile solutions
expertise, Mobilocity helps companies integrate technologies to operate
more efficiently, communicate more easily and collaborate more effectively.
Mobilocity offers solutions that include website development, mobile
strategy, custom application development and systems integration. With
clients in the U.S., Europe and South America, New York City-headquartered
Mobilocity offers professional services across a range of market segments.
Mobilocity has delivered mobile solutions for industry leaders such
as Bertelsmann, Mandalay Bay, Sony, and Hewlett-Packard.

<kpe> is an
industry-leading provider of digital branding and communication solutions
with deep domain expertise in the entertainment & media and retail
verticals.

About AGENCY.COM

AGENCY.COM is a
leading e-business builder in global markets. The company provides strategy,
branding and technology services that help its clients build and grow
their interactive business across multiple digital channels – the Web,
wireless and interactive television. Founded in January 1995, AGENCY.COM
is headquartered in New York and has offices in Amsterdam, Atlanta,
Boston, Chicago, Copenhagen, Dallas, Houston, London, Paris, San Francisco,
Woodbridge (NJ) and affiliate offices in Australia, Korea and Singapore.
AGENCY.COM serves a broad and diversified global client base in a variety
of industries, including 3M,British Airways, Compaq, Heineken and Reuters.

About Wireless Knowledge

Wireless Knowledge,
a QUALCOMM company, delivers strategic data mobility solutions that
extend critical enterprise applications to today’s highly fluid
workforce. A strategic solution from Wireless Knowledge consists of
a mix of consulting, professional services and applications that translate
advanced wireless technologies into business value for its customers.
By delivering a mobile strategy based on a customer’s specific business
drivers, critical processes and existing applications, Wireless Knowledge
enables organizations to drive revenue through reduced costs and increased
productivity. For more information, please visit www.wirelessknowledge.com.

About DecisionPoint
International

DecisionPoint is
a global leader in M&A advisory services for middle-market technology
companies in the services, software, and communication sectors. For
additional information on DecisionPoint, visit www.DecisionPointInt.com.

For further
information, contact:

DecisionPoint International: Doug Ellis, Managing Partner; (704) 248-1122;
DEllis@DecisionPointInt.com